Yes, Governance Matters.: Essential Role of Minutes in Corporate Governance
Posted by By nishithadmin at 28 June, at 17 : 06 PM Print
Warning: count(): Parameter must be an array or an object that implements Countable in /web/qlc/nishith.tv/htdocs/wp-content/themes/Video/single_blog.php on line 46
Warning: count(): Parameter must be an array or an object that implements Countable in /web/qlc/nishith.tv/htdocs/wp-content/themes/Video/single_blog.php on line 52
ESSENTIAL ROLE OF MINUTES IN CORPORATE GOVERNANCE
This article was first published on June 28, 2024 by lawstreetindia.
Board meetings play a key role in company governance, necessitating meticulous documentation through minutes. Section 118(10) requires adherence to ICSI secretarial standards, specifying detailed maintenance protocols for minutes. In this hotline, we discuss the recent order of the Registrar of Companies (‘ROC’) penalising Wind World (India) Limited for not complying with requirements of maintaining minutes of meeting, as stipulated under the provisions of the CA 2013, thus violating provision 118(10) of the Companies Act, 2013. We examine legal framework governing maintenance of minutes of meeting to shed light on the RoC’s approach in the said order.
Please click here for our detailed article.
Authors:
– Maulin Salvi and Sahil Kanuga
Governance Team:
Nishith Desai, Global Business Strategy
Sahil Kanuga, Head of Practice, Governance Team
Maulin Salvi, Leader, Governance Team
You can direct your queries or comments to the relevant member.
DISCLAIMER
The contents of this hotline should not be construed as legal opinion. View detailed disclaimer.
This hotline does not constitute a legal opinion and may contain information generated using various artificial intelligence (AI) tools or assistants, including but not limited to our in-house tool, NaiDA. We strive to ensure the highest quality and accuracy of our content and services. Nishith Desai Associates is committed to the responsible use of AI tools, maintaining client confidentiality, and adhering to strict data protection policies to safeguard your information.
This hotline provides general information existing at the time of preparation. The Hotline is intended as a news update and Nishith Desai Associates neither assumes nor accepts any responsibility for any loss arising to any person acting or refraining from acting as a result of any material contained in this Hotline. It is recommended that professional advice be taken based on the specific facts and circumstances. This hotline does not substitute the need to refer to the original pronouncements.
This is not a spam email. You have received this email because you have either requested for it or someone must have suggested your name. Since India has no anti-spamming law, we refer to the US directive, which states that a email cannot be considered spam if it contains the sender’s contact information, which this email does. In case this email doesn’t concern you, please unsubscribe from mailing list.
